Top signal providers
- Thread starter PavloCali
- Start date
Why from Europe ? For what products ?
Got no experience with signal providers,
Aren’t most of them … scam ?
Found the following on the web:
1. ForexSignals.com
Got no experience with signal providers,
Aren’t most of them … scam ?
Found the following on the web:
1. ForexSignals.com
- Market: Forex
- Features: Offers a combination of educational content, live streams, and signals from professional traders. They provide daily live trading sessions and also offer a 24/7 trading room where traders can interact and discuss signals.
- Best For: Beginner to intermediate traders looking for a community and education along with signals.
- Market: Forex, Crypto
- Features: Provides up to 3-5 trading signals per day via Telegram. Signals come with clear entry, stop loss, and take profit levels. They also offer extensive education and market analysis.
- Best For: Traders looking for precise signals with well-defined risk management.
- Market: Forex
- Features: Offers both free and paid signal services through email and Telegram. Paid subscribers get more comprehensive signals with detailed entry and exit points.
- Best For: Traders looking for simple, straightforward signals.
- Market: Forex, Indices, Commodities
- Features: MQL5 provides a platform where traders can subscribe to signal providers based on their performance, trading style, and subscription costs. The platform offers a huge variety of traders to follow and copy.
- Best For: Traders who prefer transparency in performance and flexibility to choose specific signal providers.
- Market: Forex, Crypto, Indices
- Features: A social trading platform where traders can follow and automatically copy signals from professional traders. Zulutrade also offers detailed performance analytics for each trader.
- Best For: Traders who want a platform that combines signals with auto-trading.
- Market: Crypto
- Features: Specializes in cryptocurrency trading signals. Signals are sent via Telegram and are backed by solid technical analysis.
- Best For: Crypto traders looking for high-quality signals and technical insights.
- Market: Forex
- Features: Claims to have a strong performance track record. Signals are sent via email and Telegram, with all trades providing clear entry, stop-loss, and take-profit targets.
- Best For: Traders who prefer a professional service with a proven history.
- Market: Forex
- Features: FXStreet offers detailed signal reports backed by technical analysis from experienced analysts. Signals are based on solid technical setups and market conditions.
- Best For: Traders who want technically-driven trading signals.
- Transparency: Look for providers that openly show their performance history.
- Frequency: Ensure the signal frequency matches your trading style (e.g., daily vs. intraday).
- Risk Management: Good signal providers will always emphasize stop losses and risk control.
- Subscription Costs: Make sure the fees are reasonable for the value you’re getting.
- Reviews & Community: Look at reviews and the size of the trading community that follows the provider. Active communities tend to indicate reliable services.
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The Scams Among Us: Who Falls Prey and Why
Hanoch, 2021, Current Directions in Psychological Science, vol. 30, issue 3, p. 260-66
No, I don’t and I probably wouldn’t care where they were from: I would avoid them all, anyway.
It’s all about selection bias, really.
It’s always easy to find a signal service that has recently had a good, profitable run. But it won’t help you: the reality is that it almost certainly won’t be one that’s still making profits three months later.
There are reasons for this, of course, but they’re not always easily understood. There are thousands of signal services around, so there’ll always be some that happen, by chance, to have had a good run for a few months. Those are normally the ones you see advertised, promoted, mentined and recommended (that’s the “selection bias”).
It has no bearing at all on their chances of having another few profitable months after you’ve subscribed: they had just had some good luck because there are so many people trying that someone had to.
They’re successful marketers, not successful traders, in other words, and this is the hidden reason why it’s so common to join a successful signal service and find that it turns sour as soon as you start paying for it.
It’s never been easier than it is now to raise capital for trading, if you have a genuine edge, so look at it this way: if you had a genuine edge, why would you want to sell a signal service rather than just using your genuine edge, yourself?
I think not. Sorry. I must have explained it really badly, otherwise you wouldn’t still be asking whether I have any recommendations so that you can “copy someone”. That course leads to losses, not profits.
You won’t find a good signal provider: if they were steadily successful, long-term, they wouldn’t need to be a signal provider.